Tag: Honda

• Monday, December 23rd 2024 - 22:19 UTC

  Nissan and Honda sign MOU toward merger by 2026

  

  It was more than rumors that Japanese automotive giants Nissan and Honda were eyeing a merger by 2026 which would revolutionize the industry with the appearance of what in Reuters' view would be the third-largest auto group worldwide. The two companies signed a memorandum of understanding whereby discussions about integration via a joint holding company would go on during 2025, it was announced. Earlier this month, Nissan's CEO Makoto Uchida admitted that the company's situation was “severe.”

• Tuesday, February 19th 2019 - 08:54 UTC

  Honda will shut-down its plant in England by 2022; some 3.500 at stake

  

  Japanese car giant Honda is expected to announce the shutdown of its plant in south west England in 2022, putting 3,500 jobs at risk, media reports said on Monday. The car manufacturer is to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still keep its European headquarters in nearby Bracknell.

• Friday, January 11th 2019 - 09:01 UTC

  Japan' s Abe to the rescue: The “whole world” wants UK to avoid a no-deal Brexit

  

  The “whole world” wants the UK to avoid a no-deal Brexit, Japan's PM has claimed, after talks with Theresa May. Shinzo Abe pledged “total support” for the withdrawal agreement she has negotiated with the EU, which faces a crunch vote in the Commons on Tuesday.

• Sunday, August 11th 2013 - 21:36 UTC

  Honda to build a second assembly plant in Sao Paulo operational by 2015

  

  Japanese automaker Honda plans to build a new assembly plant in the Brazilian state of Sao Paulo with an annual capacity of 120,000 units, the company said.

• Thursday, May 19th 2011 - 17:17 UTC

  After shock in Japan force Honda Brazil to cut 400 jobs and halve production

  

  Japanese car maker Honda Motor Co on Wednesday said it will leave redundant 400 workers and halve production at a factory in Brazil beginning next month because of a shortage of parts from earthquake-affected plants in Japan.

• Monday, August 16th 2010 - 04:03 UTC

  Japan’s economy slows down considerably in second quarter

  

  Japan’s economy expanded at the slowest pace in three quarters. GDP rose an annualized 0.4% in the three months ended June 30 from a revised 4.4% expansion in the first quarter, the Cabinet Office said in Tokyo.